Corporate Finance #1 Introduction & Financial Statements
What you'll learn
- Recognize and differentiate the key concepts and relationships between finance, accounting, and economics in the context of corporate decision-making.
- Evaluate the significance of financial statements and their role as primary tools in corporate finance, interpreting and analyzing financial statements.
- Apply forecasting techniques to utilize financial statement data and make informed predictions about future performance in corporate finance scenarios.
- Discuss the various forms of business organizations and their implications for corporate finance, including considerations of ownership, liability, and taxation
- Analyze economic conditions and factors impacting the decision-making process in corporate finance, incorporating economic estimates and assessments.
- Utilize Excel worksheets to solve practice problems in corporate finance, applying appropriate formulas and functions to perform calculations.
- Create financial projections and perform scenario analysis to support decision-making processes in corporate finance, considering various possible outcomes.
- Communicate effectively about corporate finance concepts and analyses, presenting findings and recommendations in a clear and concise manner to stakeholders.
- Access to a computer or laptop with internet connectivity to access the course materials and complete assignments.
- Eagerness to learn and apply corporate finance concepts in real-world scenarios.
- Openness to hands-on practice and willingness to solve practice problems using Excel worksheets.
- An inquisitive mindset and a desire to explore and understand the intersections between finance, accounting, and economics.
In this comprehensive course, we will explore the essential concepts of corporate finance, equipping you with the knowledge and skills to make informed financial decisions.
We begin by clarifying the distinctions and connections between finance, accounting, and economics. While accounting focuses on past data and the construction of financial statements, corporate finance utilizes financial statement data to forecast future performance and drive decision-making. We also acknowledge the significance of economics in corporate finance, as economic conditions play a vital role in the decision-making process.
Next, we delve into different forms of business organizations, discussing their characteristics and implications for corporate finance. By understanding the various organizational structures, you will gain insights into the financial considerations associated with each type.
A thorough understanding of the primary financial statements—balance sheet, income statement, and statement of cash flows—is crucial in corporate finance. We provide comprehensive explanations of these statements, their interrelationships, and their role in assessing financial performance and making predictions about the future.
To reinforce your learning, this course includes numerous practice problem examples, including hands-on exercises using Excel worksheets. You will have access to preformatted Excel worksheets with step-by-step instructional videos, allowing you to work through the practice problems in a structured manner. Additionally, answer sheets are provided to verify your solutions and facilitate self-assessment.
Join us on this engaging journey to master corporate finance. Enroll today and develop a solid foundation in core concepts, gain practical problem-solving skills, and apply financial analysis techniques using real-world scenarios.
Who this course is for:
- Professionals working in the field of finance, accounting, or related disciplines who want to deepen their understanding of corporate finance concepts and enhance their decision-making skills.
- Business owners and entrepreneurs seeking to improve their financial management skills and make informed financial decisions for their organizations.
- Finance and accounting students at the undergraduate or graduate level who want to gain a comprehensive understanding of corporate finance principles and their practical application.
- Managers and executives involved in financial decision-making processes within their organizations, aiming to broaden their financial literacy and analytical capabilities.
- Professionals in non-finance roles who interact with finance and accounting teams and want to develop a better understanding of corporate finance concepts.
- Anyone with a general interest in finance and a desire to learn about the principles and practices of corporate finance.
Through working with students from many different schools, Mr. Steele has learned best practices for helping people understand accounting fast. Learning new skills and finding the best way to share knowledge with people who can benefit from it is a passion of his.
Mr. Steele has experience working as a practicing Certified Public Accountant (CPA), an accounting and business instructor, and curriculum developer. He has enjoyed putting together quality tools to improve learning and has been teaching, making instructional resources, and building curriculum since 2009. He has been a practicing CPA since 2005. Mr. Steele is a practicing CPA, has a Certified Post-Secondary Instructor (CPI) credential, a Master of Science in taxation from Golden Gate University, a Bachelor’s Degree in Business Economics with an emphasis in accounting from The University of California Santa Barbara, and a Global Management Accounting Designation (CGMA) from The American Institute of CPA (AICPA).
Mr. Steele has also authored five books that can be found on Amazon or in audiobook format on Audible. He has developed bestselling courses in accounting topics including financial accounting and QuickBooks accounting software.
In addition to working as an accountant, teaching, and developing courses Mr. Steele has helped create an accounting website at accountinginstruction, a YouTube channel called Accounting Instruction, Help, and How Too, and has developed supplemental resources including a Facebook Page, Twitter Page, and Podcasts that can be found on I-tunes, Stitcher, or Soundcloud. Mr. Steele's teaching philosophy is to make content applicable, understandable, and accessible.
Adult learners are looking for application when they learn new skills. In other words, learners want to be able to apply skills in the real world to help their lives. Mr. Steele’s formal accounting education, practical work experience, and substantial teaching experience allow him to create a curriculum that combines traditional accounting education with practical knowledge and application. He accomplishes the goals of making accounting useful and applicable by combining theory with real-world software like Excel and QuickBooks.
Many courses teach QuickBooks data entry or Excel functions but are not providing the real value learners want. Real value is a result of learning technical skills like applications, in conjunction with specific goals, like accounting goals, including being able to interpret the performance of a business.
Mr. Steele makes knowledge understandable by breaking down complex concepts into smaller units with specific objectives and using step by step learning processes to understand each unit. Many accounting textbooks cram way too much information into a course, making it impossible to understand any unit fully. By breaking the content down into digestible chunks, we can move forward much faster.
Mr. Steele also makes use of color association in both presentations and Excel worksheets, a learning tool often overlooked in the accounting field, but one that can vastly improve the speed and comprehension of learning accounting concepts.
The material is also made understandable through the application of concepts learned. Courses will typically demonstrate the accounting concepts and then provide an Excel worksheet or practice problems to work through the concepts covered. The practice problems will be accompanied by an instructional video to work through the problem in step by step format. Excel worksheets will be preformatted, usually including an answer tab that shows the completed problem, and a practice tab where learners can complete the problem along with a step by step presentation video.
Mr. Steele makes learning accounting accessible by making use of technology and partnering with teaching platforms that have a vision of spreading knowledge like Udemy.